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For each situation, determine the cash proceeds from the bond sale and determine the discount or the premium on the date of issue Bond info
For each situation, determine the cash proceeds from the bond sale and determine the discount or the premium on the date of issue
Bond info | Sales Proceeds | Amount of discount | Amount of Premium |
Example: $100,000 of 10%, 5 year bond issued for $93,000 | 93,000 | 7,000 | 0 |
$50,000 of 15%, 3 year bond issued for $55,000 |
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$75,000 of 5%, 7 year bond issued for $75,000 |
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$10,000,000 of 6%, 20 year bond issued for 98 |
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5,000,000 of 6%, 20 year bond issued at par |
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$10,000 of 4%, 15 year bond issued for 100 |
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$10,000,000 of 12%, 30 year bond issued for 104 |
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